South African coal mining company, Coal of Africa Limited (CoAL), has signed an 18-month, R210 million (approximately $21.4 million) working capital facility from Investec Bank Limited (Investec).
The principal terms of the loan include a margin of 500 basis points, pledge and cession of the shares and loan accounts in the major operating subsidiaries of the group.
Exclusive subscriber content…
If you are a TXF subscriber, please login to continue reading
In her first interview since her appointment on 7 May, Shona Tatchell, the new head of trade and supply chain finance, European Bank for Reconstruction & Development (EBRD)...
Pauli Heikkilä, CEO of Finnvera, reflects on the swinging pendulum for export financing he’s seen in two decades heading Finland’s ECA. Global swings from market forces...
The return of Commodity Trading Week marks a period of sustained calm in the commodities markets – at least in contrast with the volatility of recent years. But how long will this last, and what can the industry do to manage risk going forwards?
In her first interview since her appointment on 7 May, Shona Tatchell, the new head of trade and supply chain finance, European Bank for Reconstruction & Development (EBRD) Trade Facilitation Programme (TFP), discusses her unusual journey to the role, and how she is well placed to help champion digitalisation and sustainability in trade. Is she the 'Queen Creole' of trade facilitation?
Pauli Heikkilä, CEO of Finnvera, reflects on the swinging pendulum for export financing he’s seen in two decades heading Finland’s ECA. Global swings from market forces towards protectionism using public money is not risk free, he warns.
Join us on a mythical adventure through all things export, agency & project finance as TXF Global 2024 travels to the historic city of Athens for the first time!